New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-18
81; ; g.; s sss'Yss s:;1;S iII S
FRIDAY, June I'm ,

FRIDAY, Juno I'D M y
The returns of the railway earnings for the secopA
week in June thus far made show favorable compsr
isons with the week Of preceding years az ths
earlier reports had DONE Large gains are the rule and
the exceptions are rare and Insignificant An habtua
traveller Just returned from trip to the Southwest
West and Northwest remarks that he never saw ths
passenger traffic so large before and quantity ADDS
every passenger pays his fare" The net results
however, are what interest security holders. Such
reports as recently have been made generally show that
the gains in net earnings to agreater percentage han
the gains In the gross earnings. The statement Of the
Nashville Chattanooga and St. Louis Railway for eleven
months ended May 81 shows that gain OF 20 per cent
in the gross earnings returns gain of 155 in
the surplus earnings applicable to the payment Of
dividends on the stock that u.s. the surplus earnings for
the eleven months ended May 3D. 1855, were less than
per cent and for the eleven months ended May 81
equal to nearly per cent on the stock This exhibit s
fair representative of the results Of the gains In gross
earnings Of railroads all the country The increase
in operating expenses Ia always ess than the gain in
gross earnings and the increase In first charges where
any, are small.
To-days stock market was dull and unnterestng.
There was very little local trading and what therew
OF that was "bearishy inclined. The Saturday half.
holiday has demoralized Fridays trading 1t Is common
to hear Friday morning remark to the effect Sat-
urday has begun and nothing but dulness is to be
IN commission brokers' offices who are complaining Of
the lack of ORDERS and made to their customers Aside
from the question of serving the bucket shops with
quotations. the general disposition which We find among
some brokers to complain In the presence OF woud-be
customers about the lack of business and the little In.
ducement there Is to trade furnishes reason for the
duness which unquestionabiy does reign at the Stock
Exchange sti all the conditions are favorable to
active speculation securities Prospects for large
crops and OF large foreign demand at fair prices
better than they the financial situation Is
favorable and If the bank less than they
usually are this OF the year. It 10 because the
and Southern deposits Of idle money subject
drafts later In the smaller than usual
Europeans have been and large buyers Of seeu
ties yesterdays purchases by two firms were TO tho
amount Of 100000 and not 81 100000 printed this
morning. and that with the early exports OF our
crops of wheat and cotton render probable mporta
Of gold. Home investment purchases also are con-
tnued and daily reducing the quantity Of stocks held
on margins Generally todays prices averaged trins
lower than yesterdays but Philadelphia and Reading
was a marked exception Pacific Mail was lower and
weak on the ruling Of the Interstate Commissioners on
the competition by the waterways. Otherwise the
market was simply dull and featureless and closed
steady.
Government bonds quiet and steady at quotations
follows: